Favorable Press Coverage Very Likely to Impact ConocoPhillips (COP) Share Price
News stories about ConocoPhillips (NYSE:COP) have been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ConocoPhillips earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the energy producer an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- ConocoPhillips: Not a Buy Despite Major Positive, Goldman Sachs Says – Barron’s (barrons.com)
- The Rite Aid Corporation (RAD) Position Increased by Two Sigma Securities LLC (fumbleboard.com)
- No Energy to Follow Through (nasdaq.com)
- What Wall Street Analysts Are Saying about ConocoPhillips – Market … – Market Realist (marketrealist.com)
- Cenovus shares fall in early Tuesday trading after announcing more asset sales, CEO’s retirement (globalnews.ca)
ConocoPhillips (COP) traded up 0.367% during mid-day trading on Thursday, reaching $45.115. 3,473,246 shares of the company’s stock were exchanged. The company has a 50-day moving average of $45.94 and a 200-day moving average of $48.15. The stock’s market cap is $55.81 billion. ConocoPhillips has a 52-week low of $38.80 and a 52-week high of $53.17.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, May 2nd. The energy producer reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by $0.05. The firm had revenue of $7.77 billion for the quarter, compared to analysts’ expectations of $7.47 billion. ConocoPhillips had a negative net margin of 5.05% and a negative return on equity of 5.92%. During the same period in the prior year, the firm posted ($0.95) EPS. Equities research analysts anticipate that ConocoPhillips will post $0.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.06 annualized dividend and a yield of 2.36%. ConocoPhillips’s dividend payout ratio is currently -95.50%.
Several research analysts have recently weighed in on COP shares. Bank of America Corporation lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $68.00 to $67.00 in a research note on Thursday, May 11th. Jefferies Group LLC restated a “hold” rating and set a $55.00 price objective on shares of ConocoPhillips in a research note on Friday, May 5th. Scotiabank set a $57.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, April 6th. Cowen and Company restated a “buy” rating on shares of ConocoPhillips in a research note on Friday, April 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $62.00 price objective on shares of ConocoPhillips in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $56.80.
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In related news, VP James D. Mcmorran sold 9,091 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $47.47, for a total transaction of $431,549.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is currently owned by insiders.
ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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